Hero Fincorp Limited Q3FY24 Financial Highlights
🟢 Hero Fincorp Limited 🟢
Q3FY24 Highlights
CMP – ₹1,450
P/B as on CMP is ~2.94 times
All figures in INR Crs unless otherwise stated
📊Total Income
Q2FY24 – ₹1,891.54
Q3FY24 – ₹1,998.17
9MFY23 – ₹4,369.97
9MFY24 – ₹5,676.71
📊Total Expenses
Q2FY24 – ₹1,626.38
Q3FY24 – ₹1,712.37
9MFY23 – ₹3,976.48
9MFY24 – ₹4,964.24
📊Net Profit
Q2FY24 – ₹184.03
Q3FY24 – ₹200.43
9MFY23 – ₹242.98
9MFY24 – ₹473.05
📊EPS
Q2FY24 – ₹11.24
Q3FY24 – ₹12.25
9MFY23 – ₹14.85
9MFY24 – ₹28.90
📑 KEY HIGHLIGHTS – Q3FY24
➡️There was an increase in Total Income because Interest Income increased from ₹1,696.26 crore to ₹1,774.56 crore on a q-o-q basis.
➡️There was an increase in Total Expenses on account of higher other expenses and impairment on financial instruments on a q-o-q basis.
➡️The Net Worth for 9MFY24 is ~ ₹8,071.72. The Book Value Per Share (BVPS) based on this is ₹493.17.
➡️The Net Worth is standalone and includes the fund raising that the company did in the previous year and the 9MFY24 net profit.
➡️During the previous year the company had allotted 3,63,63,636 CCPS of FV ₹550 each aggregating to ₹2,000 crore. In accordance with Ind AS 32, the company has classified these CCPS as a financial liability.
➡️The Debt/Equity ratio for the company is 6.95 for this quarter.
